Borr Drilling Ltd (BORR) Stock Could Soon Reward Patient Investors

Borr Drilling Ltd (NYSE: BORR) is -49.11% lower on its value in year-to-date trading and has touched a low of $3.61 and a high of $7.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BORR stock was last observed hovering at around $3.69 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $3.72, the stock is -6.80% and -20.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.97 million and changing 0.81% at the moment leaves the stock -35.97% off its SMA200. BORR registered -39.49% loss for a year compared to 6-month loss of -46.01%. The firm has a 50-day simple moving average (SMA 50) of $4.6946 and a 200-day simple moving average (SMA200) of $5.8091.

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The stock witnessed a -10.14% gain in the last 1 month and extending the period to 3 months gives it a -38.71%, and is -5.82% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.82% over the week and 4.32% over the month.

Borr Drilling Ltd (BORR) has around 2869 employees, a market worth around $934.39M and $968.10M in sales. Current P/E ratio is 12.31 and Fwd P/E is 5.14. Profit margin for the company is 8.70%. Distance from 52-week low is 3.05% and -50.75% from its 52-week high. The company has generated returns on investments over the last 12 months (2.93%).

The EPS is expected to grow by 339.94% this year.